But there are hundreds more – from hardware-as-a-service (HaaS) or identity-as-a-service (IDaaS), to artificial-intelligence-as-a-service (AIaaS), and even story-as-a-service (STaaS)...the list is long (and growing). In fact a report by Fortune Business Insights indicates that the ‘Everything as a Service’ market is set to grow from $699.79 billion in 2023 to $3.22 trillion by 2030.
Such significant growth has been driven by an appetite for greater business agility, lower upfront costs, and the ability to scale resources on demand. All of which the ‘as a service’ subscription model delivers.
Little wonder, then, that an ‘as-a-service’ model has been developed for the deployment of robotic process automation (RPA). The many business benefits enabled by RPA has led to its own sustained period of market growth – from a value of around $4 billion this year, rising to over $14 billion by 2029.
But here’s the thing. Traditional on-premises RPA can seem out of reach for some organizations (too expensive, too resource intensive, or requiring too much technical expertise). And that’s where RPA as a service comes in.
This article will take a closer look at RPA, the RPAaaS model, its benefits, plus some important considerations for organizations looking to pursue this form of RPA solution. We will also explore how an infusion of process mining insights from Celonis can amplify RPAaaS benefits.